The Following Information Pertains to Questions

question 52

Multiple Choice

The following information pertains to questions
ABC Inc has a single wholly-owned American subsidiary called US1 based in Los Angeles,California which was acquired January 1,2014.US1 submitted its financial statements for 2014 to ABC.Selected exchange rates in effect throughout 2014 are shown below: US1 Financial Results for 2014 were as follows: Balance Sheet For questions 17 through 22,inclusively,assume that US1 is considered to be a self-sustaining subsidiary.
-Which of the following rates would be used to translate the company's accounts receivable?

• A)$1CDN=$0.815 U.S.
• B)$1CDN=$0.8175 U.S.
• C)$1CDN=$0.8250 U.S.
• D)$1CDN=$0.83 U.S.

---

Definitions:

Learning And Support Centre

A facility or service dedicated to providing educational assistance, resources, and support to students or individuals with learning needs.

Community-Based Initiative

Programs or projects developed and implemented at a local level to address community health issues or concerns.

Human Development

The process of enlarging people's freedoms and opportunities, improving their well-being, and enabling them to reach their full potential.

Essential Ingredient

A crucial component or element required for something to function optimally or to achieve a desired outcome.